As private debt funds hone their focus on ESG, the big challenge is to find effective ways to influence the management of the underlying asset.
The head of private markets at Nest says off-market lenders have a lot of power to ensure their borrowers act responsibly.
The executive advisor of the European Leveraged Finance Association says more private debt funds will incorporate an ESG policy from top to bottom into their businesses.
Europe’s sustainable finance and climate change agenda creates a whole new compliance challenge for private funds.
As another investor alliance is created, we should be getting clear roadmaps to action at the point of announcement.
The roadmap makes 37 recommendations for participants in the financial system that will help achieve net-zero emissions by 2050 and go further than government policy.
The group, which includes some of the world's largest private equity and infrastructure firms, pledges to share knowledge on climate-related risks and 'improve the resilience' of long-term investment portfolios.
Infrastructure firms and funds show solid readiness for the EU’s incoming disclosure regulations, says GRESB’s infrastructure director, Rick Walters.
Universally recognized authenticity checks, price points created by non-arbitrary forces and a way to reward those already farming sustainably are needed – this is a market with a lot left to prove.
The fund will target renewable assets in both Europe and North America and is open to further commitments from additional investors.